The Board of Internal Audit and Management Accounting is one of the non-standing technical Boards of the Institute. The mission of the Board is to reinforce the primacy of the Institute of Chartered Accountants of India as a promoter, source and purveyor of knowledge relating to internal audit and other aspects related to it in the society. The Committee on Internal Audit was constituted on February 5, 2004. The Committee was renamed as “Internal Audit Standards Board” in November 2008. In February, 2023, Committee on Management Accounting merged with Internal Audit Standards Board and new name is Board of Internal Audit and Management Accounting.The Board is working relentlessly to bring out high quality technical literature in the form of Standards on Internal Audit and Technical Guides/ Studies/ Manuals, which constitute an important tool in helping the internal auditors to provide effective and efficient internal audit services to the clients and/ or employers.The Board also formulates industry specific guidelines as well as general guidelines on internal audit. The basic objective of these Technical Guides is to help the members as well as other readers in understanding the basic operations undertaken in the relevant industry.In order to develop internal audit as one of the core competence area of the members and to update their skills in various contemporary issues related to internal audit, the Board organizes conferences, seminars, training programmes, workshops on internal audit and management accounting in various parts of the country.The Board organizes Post Qualification Course – “Diploma on Management and Business Finance (DMBF)”, Certificate Course on “Internal Audit” and Certificate Course on “Concurrent Audit of Banks” in various parts of the country.The Board through its quarterly e-newsletter “Internal Audit and Beyond” aims to update its members on latest thinking and developments in the field of internal audit, internal control, risk management and management accounting. The Board undertakes research and promotes knowledge dissemination in the field of internal audit and management accounting.
About the Board
Surveys/ Research Work
Publications and Resource Material
Quarterly E-newsletter “Internal Audit and Beyond”
Important Circulars/ Links
CA. Rajendra Kumar P, Chairman, Board of Internal Audit and Management Accounting , ICAI and CA.
CA. Charanjot Singh Nanda, Vice-Chairman, Board of Internal Audit and Management Accounting, ICAI alongwith
other Board Members deliberating on various Matters at the 95th Meeting of the Board held on April 24, 2023 at
CA. Rajendra Kumar P, Chairman, Board of Internal Audit and Management Accounting, ICAI elaborating
on the Functions & Activities of the newly formed Board for the delegates at All India Managing Committee
Members Annual Meet held on 13th & 14th March 2023 in Mumbai.
CA. Rajendra Kumar P, Chairman, Board of Internal Audit and Management Accounting, ICAI and CA.
Arti Bansal, Secretary, Board of Internal Audit and Management Accounting, ICAI meet up with Shri Kesavan
Srinivasan, Deputy Comptroller & Auditor General, (Government Accounts) & Chairperson (GASAB) on April
03, 2023 in the office of Comptroller and Auditor General of India (C&AGI), Delhi.
CA. Rajendra Kumar P, Chairman, Board of Internal Audit and Management Accounting, ICAI meet up
with Ms. Rebecca Mathai, Additional Deputy Comptroller & Auditor General, (International Relations &
Coordination) on April 03, 2023 in the office of Comptroller and Auditor General of India (C&AGI), Delhi.